Sam is an accountant with her own practice. Sam is registered for GST and her receipts and

payments (not including GST) for the year ended 30 June 2019 are as follows:

Receipts

$

450,000 Professional fees 10,000 A wedding gift received from a client 10,000 An advertising incentive received from a publishing company to include their name at the bottom of her letterhead 34,000 Salary received from part-time lecturing at the University ($6,000 in PAYG W)

5,000 Interest on Bank Deposits

15,000 Lottery win

• Payments

  $

  14,000 Office rent
• 10,000 Payment to the cleaning contractor
• 50,000 Salary paid to employee secretary
• 18,000 Purchase of new photocopier
• 1,400 Cost of meals and entertainment for herself and clients
• 1,200 Train fares for travel to and from work
• 2,200 Rates on family home
• 900 Electricity for family home
• 25,000 Advertising packaging for her business

Sam had a carry forward past year tax loss of $12,000. Sam has no spouse or children and also does not have private hospital insurance.

REQUIRED

Calculate Sams tax liability for the year ended 30 June 2019.

(10 marks)